DSIJ Mindshare

The level of 50-EMA, which is placed around 11,436, is likely to act as an immediate support level and sustaining below this level may take the Nifty all the way down up to the level of 11,370. On the higher side, the level of 11,550 is likely to act as a strong resistance. Stocks in news: HCL Technologies, Trigyn Technologies, Vakrangee, Biocon, IDBI Bank, Dewan Housing Finance, FDC.

The global markets present a fairly scary picture with markets across the US and Europe succumbing to selling pressure. The SGX Nifty is under pressure and indicates lower opening in store for the Indian markets. At the time of writing, SGX Nifty was trading down by 63 points at 11,475 level. Some of the key results scheduled today are Titan and Shriram Transport Finance.

Mumbai-based plastic packaging manufacturer, Essel Propack Ltd, posted its Q4FY19 results on Tuesday. The company saw steady growth in revenue and net profits.

Revenue from agri machinery, construction equipment and railway equipment grew by 12.5 per cent, 10.2 per cent and 36.1 per cent, respectively, on a YoY basis.

The drug is a generic version of Emend for Injection, 150 mg single-dose vial of Merck Sharp & Dohme Corp. The injection helps prevent nausea and vomiting caused by cancer drug treatment (chemotherapy).